Payment Options Singapore Receives In-Principle Approval for Major Payment Institution Licence
Singapore – 8 December 2025 – Payment Options Pte Ltd is pleased to announce that it has received In-Principle Approval (IPA) from the Monetary Authority of Singapore (MAS) for a Major Payment Institution (MPI) licence.
This milestone underscores Payment Options’ commitment to supporting Singapore’s small and medium-sized enterprises (SMEs) with simple, secure, and accessible digital payment solutions.
“Our mission is to empower local SMEs with simple, secure, and accessible payment solutions,” said Aaron Yip, Director. “We are committed to compliance and innovation, and to support more businesses in Singapore’s digital-first economy.”
Payment Options continues to work closely with local merchants and partners to enhance payment accessibility and drive innovation for the SME community.
The IPA granted by the MAS indicates that a licence may be issued upon the fulfilment of specified conditions and provided there are no material adverse developments affecting the applicant. The IPA does not constitute a licence to provide payment services at this stage, and MAS reserves the right to rescind the approval if it deems appropriate.
This milestone underscores Payment Options’ commitment to supporting Singapore’s small and medium-sized enterprises (SMEs) with simple, secure, and accessible digital payment solutions.
“Our mission is to empower local SMEs with simple, secure, and accessible payment solutions,” said Aaron Yip, Director. “We are committed to compliance and innovation, and to support more businesses in Singapore’s digital-first economy.”
Payment Options continues to work closely with local merchants and partners to enhance payment accessibility and drive innovation for the SME community.
The IPA granted by the MAS indicates that a licence may be issued upon the fulfilment of specified conditions and provided there are no material adverse developments affecting the applicant. The IPA does not constitute a licence to provide payment services at this stage, and MAS reserves the right to rescind the approval if it deems appropriate.
